News Summary:
- Cisco and Telenor CEOs met
virtually to sign the third iteration of their Joint Purpose Agreement between the companies to
help telcos cross major milestones spanning security, 5G, cloud, B2B
- Cisco, Telenor and Digital
Alpha have also concluded the next round of financing of joint venture Working Group Two (WG2) to
prepare WG2 for further growth, global operations and to enable new use cases within 5G, IoT and
private networks
- WG2 will be added to Cisco
General Price List, will be part of DevNet
OSLO, Norway, and SAN
JOSE, Calif., June 25, 2020 – Telenor and Cisco announced today
the signing of the third iteration of the Joint Purpose Agreement between the companies, outlining areas
where they will strengthen focus together including security, 5G, Open vRAN, B2B expansion, distributed
cloud and furthering Telenor Group’s digital transformation to support its flexible working hours
approach.
The companies are continuing
the exploration of new 5G architectures and have started an Open vRAN trial at Telenor headquarters
in Norway to further investigate using a virtualized, open infrastructure to improve cost efficiency for
service rollouts.
Also being announced today is a
new round of financing of the joint venture, WG2. WG2 offers a carrier grade, cloud-native mobile core
solution that enables rapid service innovation for mobile network operators (MNOs), mobile virtual
network operators (MVNOs) and enterprises. Using open APIs and cross-network interoperability, WG2
radically transforms the ability of mobile operators to innovate quickly.
The new financing will be used
to accelerate WG2’s growth in Europe, North America and Asia, and to extend its innovative solutions in
5G, IoT and private networks.
WG2 will be included in
Cisco’s General Price List (GPL) and in Cisco’s DevNet program, providing global sales coverage and
faster integration of new services with Cisco products, platforms and APIs.
“The cooperation with Cisco
over the years has delivered great results for both companies, especially within the area of security
and mobility,” said Sigve Brekke, President and Chief Executive Officer, Telenor. “Our partnership in
WG2 builds towards a future where programmable networks are the key to creating value for 5G, IoT and
private networks. Ongoing developments in our agreement with Cisco continue to be forward leaning,
addressing the most innovative and in-demand transformation topics in our industry.”
“We are proud to continue our
partnership with Telenor. Together, our shared expertise and best of breed portfolios will enable telcos
and mobile operators to get to the next level in their business,” said Chuck Robbins, Chairman and Chief
Executive Officer, Cisco. “We continue to evolve WG2 to give operators the opportunity to reduce time to
market and speed time to revenue with IoT and managed services for the enterprise, powered by the cloud
and 5G.”
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